Spinaroo Commercial Limited (BSE SME)
Mar 28, 2025 - Apr 3, 2025
| Price | ₹51 - ₹51 |
| Premium | ₹0 |
|---|---|
| Lot size | 2000 |
| Allotment | Apr 4, 2025 |
| Listing | Apr 8, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 102000 | 474 |
| HNI | 2 | 4000 | 204000 | 473 |
Last updated on 31-Mar-2025 08:00:04
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 946000 | 16000 | 0.02 |
| Retail | 948000 | 290000 | 0.31 |
| Total | 1894000 | 306000 | 0.16 |
| Total Applications: 154 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0 | @8% ₹0 | @9% ₹0 | @10% ₹0 | @11% ₹0 | @12% ₹0 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 948000 |
| Other | 47.4% | 946000 |
| Market Maker | 5.02% | 100000 |
| Total No. of Shares | 100.0% | 1994000 |
Spinaroo Commercial IPO Details
| Issue Size | 19,94,000 shares (aggregating up to ₹10.17 Cr) |
| Fresh Issue | 19,94,000 shares (aggregating up to ₹10.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 69,94,000 shares |
| Market Maker Portion | 1,00,000 shares |
| Market Maker | Black Fox Financial |
Key Performance Indicator (KPI)
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 9.25% | 23.23% | 20.10% |
| ROCE | 16.05% | 37.58% | 27.47% |
| RONW | 9.25% | 23.23% | 20.10% |
| D/E | 1.12 | 1.25 | 1.82 |
| EPS (diluted) | 1.23 | 2.8 | 1.86 |
| P/E Pre IPO | 18.21 | ||
| P/E Post IPO | 29.01 |
Company Financials In Crores
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 21.9 | 19.1 | 19.5 | 17.8 |
| Revenue | 21.0 | 41.2 | 53.2 | 47.6 |
| Profit After Tax | 0.6 | 1.4 | 0.9 | 0.5 |
| Net Worth | 6.6 | 6.0 | 4.6 | 3.7 |
| Reserves and Surplus | 1.6 | 5.0 | 3.6 | 2.7 |
| Total Borrowing | 7.4 | 7.5 | 8.4 | 9.0 |
About Company
Incorporated on August 17, 2012, Spinaroo Commercial Limited is engaged in the manufacturing of aluminum foil containers, aluminum home foils, paper cups, paper plates, paper bowls, and semi-processed materials for paper cups, including coating, printing, and blanking. The company also provides a range of paper cup-related machinery, such as high-speed paper cup-making machines, flexo printing machines, and automatic roll die-cutting machines, offering comprehensive end-to-end support. Operating across three business segments, it manufactures high-quality, food-grade aluminum and paper products, trades semi-finished raw materials for paper cups, plates, and bowls, and provides specialized job work services, including shaping, printing, and food-grade coating. With a strong focus on superior raw materials, expert guidance, competitive pricing, and timely delivery, Spinaroo Commercial Limited ensures product excellence tailored to client needs. As of October 31, 2024, the company employed 35 individuals.
Operational Efficiency – The company’s co-located manufacturing facilities help reduce logistics costs and improve supply chain management, ensuring faster turnaround times.
Vertical Integration – By controlling the entire production chain, from raw materials to manufacturing and machinery supply, the company enhances cost efficiency, quality control, and business scalability.
Quality Assurance – The company follows food-grade certified processes, ensuring compliance with industry standards and delivering high-quality, safe, and reliable products to its customers.
Commodity Price Volatility – Fluctuations in aluminum and paper prices can impact production costs and profit margins, making pricing strategies challenging.
Working Capital Intensive Nature – The business requires significant working capital to maintain inventory, manage supply chains, and fund operations, which may strain liquidity.
Dependence on Food Service Industry Trends – Demand for aluminum and paper-based food packaging products is closely tied to trends in the food service industry, making the company vulnerable to market fluctuations and changing consumer preferences.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/